Intel

Based in Santa Clara, Intel is widely regarded as one of USA's flagship semiconductors operators. Its scale — about 125k people, around $54B in turnover — translates into genuine strategic weight across North America.

Long-term partnerships with sovereign and institutional investors give the company unusual visibility on multi-year demand.

“Intel is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Few catalysts on the horizon look bearish; the central scenario is a continued, controlled compounding story.